OUE

For First REIT investors, it is either restructure or default - THE EDGE SINGAPORE

REITs

For First REIT investors, it is either restructure or default

First REIT's unitholders have little choice but to vote a for a restructure despite a dilutive rights issue.

REITs

Enlarged, diversified portfolio increases OUE Commercial REIT's relevance and visibility

The stability of OUE C-REIT’s income has been underpinned by a diversified portfolio and relatively stable operating performance in the office segment, which recorded positive rental reversions in 2019 and for 1H2020.
OUE reports losses of $207.2 million on fair value loss recognition

Results

OUE reports losses of $207.2 million on fair value loss recognition

As at June 30, OUE’s net asset value was $4.25 per share

Property

OUE sells US Bank Tower for US$430 million

OUE will book a drop in EPS of 35 cents from the sale

Debt and defaults

Debt danger lurks in Covid-19 shadow

More companies in danger of default given higher leverage, weaker balance sheets and greater risk of liquidity crunch amid the pandemic

Results

OUE reports FY2019 earnings of $255.2 million

OUE reports higher earnings of $255.2 million for FY2019 but cuts dividend by half

Funds

OUE dumps stake in Nuvest Capital with no profit or loss

SINGAPORE (Apr 22): OUE announced it had sold its 33% stake in Nuvest Capital for US$1 million ($1.36 million).

M&A

OUE buys 49.7% stake in F&B player from related Riady investment vehicle

SINGAPORE (Mar 17): OUE, the property group controlled by Stephen Riady, has acquired a 49.7% stake in Superfood Retail for $7.53 million.

Results

OUE reports 89% fall in FY18 earnings to $10 mil on lower fair value gains, goodwill impairment

SINGAPORE (Feb 27): OUE, the real estate owner, developer and operator, rounded off FY18 ended Dec with earnings of $10 million, down 89.4% from a restated $94.6 million from a year ago.
US Bank Tower in Los Angeles put up for sale by OUE

Property

US Bank Tower in Los Angeles put up for sale by OUE

(Jan 25): The US Bank Tower in downtown Los Angeles, known for its cameos in Hollywood movies and a sky-high outdoor glass slide, has been put up for sale.
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